Bitcoin, Gold Rise as Investors Await Fed Decision Amid Global Tensions
Gold prices increased by 0.7% to $3,357 per ounce, driven by safe-haven demand ahead of the Federal Reserve's policy announcement. U.S. gold futures rose by 1.3%, influenced by renewed interest from Chinese investors and central banks reducing exposure to U.S. assets. Bitcoin traded at $97,500, remaining close to recent highs and benefiting from speculative flows amid expectations of potential easing in financial conditions. The Federal Open Market Committee is anticipated to maintain interest rates at 4.25% to 4.50%. A ballistic missile attack by Houthi forces in Yemen near Tel Aviv injured eight and escalated regional tensions. President Trump’s proposed tariffs on foreign pharmaceuticals and media raised concerns about global trade disruptions. Market participants await Fed Chair Jerome Powell's remarks for insights on future policy direction, with potential dovish signals possibly boosting Bitcoin towards the $100,000 mark.
